Managers of Wealth Middle East -Wealth, private banking and asset management news and opinion

BLOM Bank Egypt increases capital to $190mln

The decision comes in light of BLOM Bank Egypt’s continuous efforts to enhance its market share, and to continue implementing its policy of using its profits to increase capital

BNP Paribas activates emergency support plan in Bahrain in response to global health crisis

Bahrain is one of over 30 countries to receive assistance from BNP Paribas' 50 million EUR Emergency Support Plan

Trade Bank of Iraq announces $3bn capital boost

TBI achieved a robust growth in revenues and in key financial areas during the financial year 2019.

QIIB launches ‘corporate cash deposit’ cards

In fact, our customers can now benefit from most banking services without the need to visit the branches.

QIB posts 3-month profit of QR687.5mn

QIB was able to maintain the ratio of non-performing financing assets to total financing assets at 1.3%, reflecting the quality of the bank’s financing assets portfolio.

UAE's ADCB files criminal complaint against NMC officials

ADCB did not name the individuals but said the action is consistent with objective to protect its interests

Qatar National Bank awarded for use of iris

The system enables QNB customers to access their accounts at ATMs without the need of a bank card or PIN.

QNB Alahli Egypt posts net profit in Q1

Qatari National Alahli (QNBA) registered an annual decline in its consolidated net profit during the first quarter

QIB receives three major awards from Global Finance

All selections were made by the Global Finance editorial team after extensive consultations with bankers, corporate finance executives and analysts around the world.

Burgan Bank holds its 54th Annual General Assembly meeting

Shareholders approve distribution of 12 fils Cash Dividend for the Year 2019

UAE’s Emirates NBD launches contactless export trade collections service

Clients can access the new digital feature from the safety of their homes or offices to submit an export collections request

QNB posts QR3.6bn net profit in first quarter

QNB Group improved efficiency (cost to income) ratio from 25.9% to 25.6%, which is considered one of the “best ratios” among large financial institutions in the MEA region.

Qatar- Commercial Bank launches products for digital payments and remittance

Amit Sah, EGM and head of Retail Banking, Commercial Bank, explained that the ‘CB Household Worker PayCard' can be applied for digitally using the bank's mobile banking app.

NBE’s profit rise end-June 2019

National Bank of Egypt reported a 100% growth in its net profits after taxes

Kuwait's ABK reveals $26mln exposure to NMC Health

The bank has no exposures to other subsidiaries of NMC Health

Qatar banks post 13% jump in domestic credit to QR1tn at end of February: QCB

The services sector saw a 36.55% yearly growth in credit to QR296.57bn, which was 30% of the total domestic loans this February.

Bahrain’s banking system grows 4.6% in 2019

Domestic banking assets amounted to $68.5bln at the end of 2019

ADCB Group Completes Complex Three-Bank Integration to Create Fully Unified, Powerful Banking Group

Abu Dhabi Commercial Bank Group PJSC (ADCB Group) has achieved full integration of Union National Bank (UNB) and Al Hilal Bank significantly ahead of schedule

NBK Pioneers in Introducing e-Dividend Services

Al- Khorafi: "We strive to offer the best services to NBK shareholders providing them with the easiest and most convenient options to have their cash dividends directly deposited in their bank accounts"

Egyptian banks explore multiple avenues to growth

Before the coronavirus outbreak, the International Monetary Fund expected that the Egyptian economy will grow by 5.9 percent in 2020 to become the biggest growing economy in the Middle East and North Africa.